11988 118th Ave, Plano, IA, 52581

About This Home

Whether you’re searching for the perfect vacation retreat or looking to step into the Airbnb business, this exceptional Southern Iowa property near Lake Rathbun checks every box. This versatile property can accommodate up to 15 guests and may be sold fully furnished, making it a true turn-key investment. The setup includes a main house, a separate studio living space, and an impressive 42’ x 62’ Morton building—perfect for multi-car storage, boats, ATVs, a workshop, or all your recreational toys. The building also features a 16’ high, 60’long,and 14' wide lean-to attached along the side for additional covered storage. Main House---Step inside the main house and you’ll immediately notice the beautiful wood laminate flooring that flows throughout the main level. The layout offers a spacious living room, a large dining area ideal for hosting groups, and a well-designed kitchen with laminate countertops and a tiled backsplash, plus space for a casual dining table. The living room showcases a wall of windows that fills the home with natural light and frames scenic views of the surrounding landscape. An adjoining mudroom leads to a nicely sized treated wood deck, perfect for grilling, outdoor dining, and enjoying the abundant wildlife that frequents the property. The main floor features two generously sized bedrooms, including a primary suite with a private en-suite bath and step-in shower. A second full bathroom with a tub/shower combination completes this level. The lower level is partially finished and offers a large recreation area—ideal for ping-pong, gaming, or a TV lounge. There are two non-conforming bedrooms, an egress window, and laundry hookups on this level, providing even more flexibility for guests or family. The Studio---Located just across the driveway, the studio is a completely separate living space with an open-concept layout. It includes a full kitchen, combined living and dining area, designated sleeping space, and a full bath with a tiled step-in shower. An attached carport provides convenient covered parking. Endless Possibilities---Rent both units together or separately. Live in one and rent the other. Create a bed-and-breakfast, host short-term guests, care for family members nearby, or generate income while building your dream home. With 5.75 acres, the property also lends itself to a hobby farm or homestead—chickens, livestock, and more. The options are truly endless. Income & Efficiency---The property currently generates over $50,000 per year in short-term rental income for part of the year. It is used for personal use the other part of the year. . Furnishings may be included for a negotiated price, making this an easy transition for the next owner. Both the house and studio are well insulated, with total utilities typically ranging from $150–$200 per month, and even under $130 in January. Water is supplied by Rathbun Regional. Location & Lifestyle--Enjoy peace, privacy, and breathtaking views of Lake Rathbun, with surrounding wildlife management land creating the feel of owning hundreds of acres. Deer and turkey are seen almost daily. This is the only year-round residence at the end of a dead-end road, offering rare tranquility. Neighboring properties are used seasonally, primarily on summer weekends. A private boat ramp is located less than ½ mile away on the same road—be fishing within minutes. Behind the home is a stocked pond with bass and crappie, including trophy-sized crappie. An aeration system keeps the pond open in winter, attracting wildlife year-round. This was the owners’ dream retirement property, but life changes have shifted their plans. Their loss is truly someone else’s gain. Call the homeowner to schedule a showing. Because Airbnb clients are currently occupying the property, PLEASE DO NOT VISIT THE WITHOUT MAKING AN APPOINTMENT. Thank you!